No day trader on this planet can make yearly profits

Discussion in 'Trading' started by teewoods, Nov 13, 2019.

  1. Good to hear. I'm becoming partial to swing trading myself. I've been making weekly trades on Fridays that have been generally working out well which are not as profitable as day trading but $/hour is much higher.
     
    #91     Nov 15, 2019
    themickey likes this.
  2. There is still some distance to go... we will have to wait for a long time before AI could perpetrate a fraud.. and I don’t mean an algorithmic price spoofing...
     
    #92     Nov 15, 2019
  3. Overnight

    Overnight

    Use caution at ATH. Trust me on that. :)
     
    #93     Nov 15, 2019
  4. How do you mean?
     
    #94     Nov 15, 2019
  5. Overnight

    Overnight

    ..."I'm becoming partial to swing trading myself..."

    Be very careful swinging longs at all-time-highs. Especially now. Hey, I do feel a Santa rally is upon us. All things being equal I would be long right now on a swing. There's just one niggling bit hanging around, and that is Trump and the latest tariff deadline of Dec 15th.
     
    #95     Nov 15, 2019
  6. ironchef

    ironchef

    Frankly I don't track $/hr, I only track absolute $$$ I have at the end of every year.
     
    #96     Nov 15, 2019
  7. Ah gotcha. Here's an interesting weekly chart. Might (edit: not) be a dip before the rally.

    upload_2019-11-15_22-59-26.png

    I personally care more about $/hour right now. As long as it's positive!
     
    #97     Nov 15, 2019
  8. ironchef

    ironchef

    The beauty of options is you can swing long even if you are bearish or worry about ATH.

    Just go long put instead of long call. :D:cool::p
     
    #98     Nov 15, 2019
    nooby_mcnoob likes this.
  9. ironchef

    ironchef

    Sorry, I forgot you still have a day job, not like us who fired our boss/job.
     
    #99     Nov 15, 2019
  10. re $/hour, I mean I make more $ for fewer hours.

    I could be a general practitioner or a surgeon. I prefer to be a surgeon.
     
    #100     Nov 15, 2019
    ironchef likes this.